05 October 2011

Buy Idea Cellular:: Goldman Sachs Top Pick: October 2011


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Idea Cellular
> We see further potential tariff hikes and see attractive risk-reward for Idea given better financial/operating
leverage and given that it is a pure wireless operator
> 12-m target price is based on SOTP
Revenue and subs market share: Idea improved its RMS from 11.4% in Jun ‘09 to 13.4% in Mar ‘11






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TOP PICKS:: Goldman Sachs India Handbook: October 2011

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